Fresh off its worst annual performance since the financial crisis, Nvidia Corp.’s stock has started off 2023 with a bang. Shares of Nvidia NVDA, -0.93% are up 81% so far this year, putting them on track for their best quarterly performance since the fourth quarter of 2001, according to Dow Jones Market Data. They’re also…
Gordon Moore, a founding father of Silicon Valley whose work in the chip industry catalyzed computing, died Friday at 94, with his passing marking the further end of a golden era for the technology industry. An Intel INTC, +1.14% co-founder who played an integral role in several of the earliest semiconductor companies, he is perhaps…
Nvidia Corp.’s financial chief reasons that the efficiencies businesses need are not from spending less money, but from spending more on technologies like artificial intelligence, even as chip sales dry up. “AI is in an inflection point,” Nvidia’s NVDA, -1.41% Colette Kress told Morgan Stanley’s Technology Media and Telecom Conference on Monday. “We’ve now incurred…
Nvidia Corp. shares jumped in after-hours trading Wednesday, as the graphics-chip specialist revealed it has mostly settled inventory issues and is focusing on opportunities in artificial intelligence. Nvidia NVDA, +0.48% founder and Chief Executive Jensen Huang revealed in a conference call Wednesday afternoon that Nvidia’s AI software will now be available in several cloud-computing offerings,…
The nation’s retailers limped into last year’s holiday season with too much stuff that people didn’t want. We’re about to find out how much of it they were able to get rid of, and how much an avalanche of markdowns hurt profits. Results from the likes of Walmart Inc. WMT, +1.50%, Home Depot Inc. HD,…
The consumer electronics industry is getting new life from an old product: laptops. Although the changes are evolutionary rather than revolutionary, they’re substantial enough to make the laptop sector more competitive with the desktop PC sector of the market. This is especially significant as global PC sales tumbled 19.5% in the third quarter of 2022…
Advanced Micro Devices Inc. is seeking to lock horns with rival Nvidia Corp., with plans to release a chip in the latter half of the year that teaches AI models. At the CES 2023 keynote in Las Vegas on Wednesday night, AMD AMD, +1.00% Chief Executive and Chair Lisa Su introduced the Instinct MI300 chip,…
An earlier version of this story cited the wrong firm for the picks. It has been corrected. Once-hot chip stocks Nvidia Corp., Marvell Technology Inc., and Advanced Micro Devices Inc. each lost more than half their value over the course of 2022, but Rosenblatt analysts see them as well positioned for the new year. Those…
After a semiconductor shortage flipped into a glut in 2022, chip stocks are headed for a strong entry point and will lead the broader market in the new year, with Nvidia Corp. the best pick among them, an analyst wrote Thursday. Evercore ISI analyst C.J. Muse said he expects the beleaguered chip sector to turn…
Even as price increases squeeze shoppers, analysts expect holiday-season sales to increase this year. With Walmart Inc., Target Corp. and discounters TJX Cos. and Ross Stores Inc. reporting results in the week ahead, we’ll hear straight from company executives whether analysts’ forecasts line up with their own. Based on the mood this earnings season, odds…
Data-center stocks buoyed an otherwise down chip sector Thursday as shares of Facebook parent Meta Platforms Inc. cratered on torn-in-half profits and a hike in capital spending to fuel Mark Zuckerberg’s metaverse ambitions, prompting one analyst to ask if server chips can only go up now. As shares of Meta dropped as much as 25%…
Nvidia Corp. and Intel Corp. threw down Wednesday as the two chip makers released new gaming cards with the GPU leader targeting elite, high-performance gamers, while Intel sought to appeal to budget gamers looking for slightly better performance than Nvidia’s last generation of cards. On Wednesday, Nvidia’s NVDA, -0.74% flagship RTX 4090 gaming card went…
Nvidia Corp. appears to be betting that a price hike during inflationary times won’t deter hardcore gamers who have been waiting to upgrade their rigs amid a slowdown in consumer demand. On Tuesday, Nvidia NVDA, -1.54% Chief Executive Jensen Huang launched the company’s next-generation “Lovelace” chip architecture, meant to power the company’s foray into the…
Shares of Nvidia Corp. tumbled more than 6% in Monday trading after the semiconductor company disclosed that it expects to fall well short of revenue expectations for its latest quarter, largely due to gaming weakness. The company expects fiscal second-quarter revenue of $6.7 billion, up from $6.5 billion a year before, whereas analysts were expecting…
The husband of House Speaker Nancy Pelosi just bought as much $5 million worth of stock in software and computer-chip company Nvidia, publicly available financial disclosures show. According to the disclosures, Paul Pelosi purchased between $1 million and $5 million worth of Nvidia stock NVDA on June 17. The stock purchase comes as the Senate…
U.S. stocks closed mixed Friday, with the technology-heavy Nasdaq Composite ending higher as the Dow Jones Industrial Average and S&P 500 index slipped, after a stronger-than-expected June jobs report. All three major benchmarks booked weekly gains, with the Nasdaq leading the way up. How did stocks trade? What drove markets? U.S. stocks ended a choppy…
Mention semiconductors and chip giants such as Intel Corp., Advanced Micro Devices Inc. and NVIDIA Corp. spring to mind, but there are other, less high-profile companies, operating in the space that deserve attention. The pandemic has kept semiconductors firmly in the spotlight as a host of industries, from consumer technology to the automotive sector, wrestle…
U.S. stocks barreled higher on Thursday as tech stocks like Nvidia and Apple erased early losses and a batch of mostly benign economic data helped assuage investor concerns of a consumer pullback that could harm the economy. Federal Reserve minutes released Wednesday also stoked speculation about a pause to reassess interest rate hikes later in…
Nvidia Corp., Nutanix Inc. and Snowflake Inc. all gave earnings forecasts that were below analysts’ expectations on Wednesday, the latest in a batch of tech companies to give warnings about the changing macroeconomic conditions. These lowered forecasts are now coming in across most of the tech sector, from social-media company Snap Inc. SNAP, +10.71% ;…